FILE PHOTO: Tesla sign is seen on the Shanghai Gigafactory

Royal Mail proposes three-year pay deal to union

(Reuters) – Britain’s Royal Mail <RMG.L> has proposed a three-year pay deal to the Communication Workers Union (CWU) and wants to have detailed talks with its largest union, the company said on Twitter on Friday. The company, which was dogged by the threat of strike action over the Christmas period, had said on Thursday that […]

Madoff customer payout nears $14 billion, as dying swindler seeks freedom

By Jonathan Stempel NEW YORK (Reuters) – Bernard Madoff’s former customers will soon see their total recovery approach $14 billion, a court-appointed trustee said on Friday, as the dying swindler awaits a decision on whether the U.S. government will support his request to leave prison early. Irving Picard, the trustee liquidating Bernard L. Madoff Investment […]

Boeing will not cancel CEO incentive award tied to 737 MAX return

By David Shepardson WASHINGTON (Reuters) – Boeing Co <BA.N> told U.S. lawmakers it will not cancel an incentive award for its new chief executive tied to the return of its grounded 737 MAX despite criticism from Congress, according to a letter made public on Tuesday. David Calhoun, who took over as Boeing chief executive last […]